New Issue: RBC sells $3.25 million principal-protected notes on developed nations' currencies

By Susanna Moon

Chicago, Feb. 26 - Royal Bank of Canada priced $3.25 million of zero-coupon principal-protected currency-linked notes due Feb. 28, 2014 based on the bullish performance of a basket of equally weighted "developed nations" currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Australian dollar, the Canadian dollar and the Norwegian krone.

The payout at maturity will be par plus any gain in the basket.

Investors will receive at least par.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Principal-protected currency-linked notes
Underlying currencies:	Brazilian real, the Australian dollar, the Canadian dollar and the Norwegian krone, equally weighted
Amount:	$3,245,000
Maturity:	Feb. 28, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain versus the dollar; floor of par
Initial exchange rates:	1.8195 for real, for Australian dollar, for the Canadian dollar and 5.9162 for krone
Pricing date:	Feb. 24
Settlement date:	Feb. 26
Underwriter:	RBC Capital Markets Corp.
Fees:	2.25%
Cusip:	78008HVY3

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.